APAC
Frictionless commerce faces uphill battle from lukewarm customer feedback
Frictionless commerce faces uphill battle from lukewarm customer feedback
The sector gained a moderate $375.m from retail in 2023.
New Balance trials resale platform in the US
Customers can trade New Balance shoes for vouchers and help recycle shoes.
Foodservice is the next hot ticket for luxury maisons in Asia
Over 30% of young respondents are seeking new experiences outside of brands.
3 in 5 Asians are influenced by health benefits when buying food or drinks
62% of Asians are more influenced by the health benefits of products.
The Estée Lauder Companies issues $650m of senior notes
Closing of the offering will occur on or about 14 February 2024.
Social media influence nearly half of Asian consumers' purchase decision
About seven in 10 Asian consumers buy non-grocery items online.
L’Oréal, Miu Miu partner for exclusive worldwide licence agreement
Miu Miu is now part of the L’Oréal Luxe division.
Estee Lauder to reduce employees by up to 5% amidst decline in sales
Organic sales were down 8% YoY due to challenges in Asia travel retail, amongst others.
Coty enters new license with fashion brand Marni
The new licensing agreement for both brands will start in 2026.
Around 3 in 5 APAC consumers consider health, well-being impacts in food purchase
As a result, functional food products are seeing increasing demand.
Natura &Co mulls Natura &Co Latam, Avon separation
Both entities will operate as two independent, publicly traded beauty companies.
Shiseido completes Dr. Dennis Gross Skincare acquisition
The acquisition is part of Shiseido’s global expansion strategy.
IKEA introduces AI assistant in OpenAI GPT
The feature offers specific and customised home design needs for IKEA customers.
How AI reshapes Asia’s foodservice sector
Operational efficiency due to AI use boosts companies’ bottom line.
True Religion gains new licensees for Star Ride Kids and Mad Engine Global
Star Ride Kids and Mad Engine Global will be featured in True Religion.
Beauty company Coty extends licensing deal with Mexx
Their partnership first started in 2016.
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